No articles found to show on this page.
MUMBAI: The country’s foreign exchange reserves rose by $ 488.2 million to $ 401.385 billion in the week to December 15 on account of rise in foreign currency assets, the Reserve Bank said today.
In the previous week, the reserves had declined by $ 1.044 billion to $ 400.897 billion.
In the reporting week, the foreign currency reserves, a major component of the overall reserves, rose by $ 478.3 million to $ 376.906 billion, according to RBI data.
Expressed in US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves. Gold reserves remained unchanged at $ 20.703 billion.
The special drawing rights with the International Monetary Fund (IMF) rose by $ 3.8 million to $ 1.5 billion.
The country’s reserve position with the IMF also increased by $ 6.1 million to $ 2.275 billion, the central bank said.